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Lovesac, the eclectic retailer of modern mix and match furniture, has achieved mixed performance since the start of the pandemic.
The company has done an admirable job of converting sales into its e-commerce channel, driving growth despite the closure of many of its showrooms.
Still, growth has been on a consistent deceleration curve.
And while the company has managed to improve profitability through operating cost controls and furloughs, Lovesac's gross margins continue to be under pressure.